195. Why The EU Accepted A Raw Deal With Trump
The Rest Is Money
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Navigating New Tariff Terrain
This chapter explores the recent EU-US trade deal, focusing on the newly set 15% tariff on products moving from the EU to the US and its implications compared to previously threatened 30% rates. It examines the impact on European consumers, automotive trade, and the distinct tariff agreements of the EU and the UK, revealing the complexities of trade negotiations in the steel and pharmaceutical sectors. The chapter expresses skepticism about the stability promised by the deal, highlighting ongoing unpredictability in trade policies under Trump's administration and the challenges businesses face in this environment.
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